| Cash Flow | 2025-10-31 | 2025-07-31 |
|---|---|---|
| Net income (loss) | 802,493 | - |
| Interest earned on investments held in trust account | 1,524,470 | 635,672 |
| Net income | - | 287,857 |
| Prepaid expenses | 279,784 | 174,652 |
| Accrued expenses | 173,842 | 62,374 |
| Net cash used in operating activities | -827,919 | -460,093 |
| Purchase of investments held in trust account | 86,250,000 | 86,250,000 |
| Net cash used in investing activities | -86,250,000 | -86,250,000 |
| Proceeds from sale of public units | 86,250,000 | 86,250,000 |
| Proceeds from sale of private placements units | 2,987,500 | 2,987,500 |
| Payment of underwriter fees | 1,725,000 | 1,725,000 |
| Proceeds from promissory note - related party | - | 500,000 |
| Repayment of promissory note - related party | - | 700,000 |
| Payment of offering costs | 409,240 | 409,240 |
| Repayment of promissory note - related party | 700,000 | - |
| Proceeds from promissory note - related party | 500,000 | - |
| Due to target company | 100,000 | - |
| Due to related party | 15,806 | - |
| Net cash provided by financing activities | 87,019,066 | 86,903,260 |
| Net changes in cash | -58,853 | 193,167 |
| Cash and cash equivalents at beginning of period | 59,073 | - |
| Cash and cash equivalents at end of period | 220 | - |
Pelican Acquisition Corp (PELIU)
Pelican Acquisition Corp (PELIU)